On Holding AG (NYSE:ONON) Holdings Cut by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lessened its holdings in shares of On Holding AG (NYSE:ONON) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,216 shares of the company’s stock after selling 281 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in ON were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Apollon Wealth Management LLC raised its holdings in shares of ON by 74.0% during the fourth quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company’s stock valued at $877,000 after buying an additional 6,808 shares during the last quarter. RB Capital Management LLC raised its holdings in shares of ON by 214.8% during the third quarter. RB Capital Management LLC now owns 22,426 shares of the company’s stock valued at $1,125,000 after buying an additional 15,303 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of ON by 34.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock valued at $76,213,000 after buying an additional 349,789 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of ON by 584.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 83,651 shares of the company’s stock valued at $4,195,000 after buying an additional 71,436 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of ON during the fourth quarter valued at approximately $30,000. Institutional investors own 36.39% of the company’s stock.

ON Stock Performance

ON stock opened at $48.23 on Friday. The company has a 50 day moving average price of $56.37 and a 200 day moving average price of $52.01. On Holding AG has a 52 week low of $27.37 and a 52 week high of $64.05. The firm has a market capitalization of $30.37 billion, a price-to-earnings ratio of 112.16, a P/E/G ratio of 1.02 and a beta of 2.30.

Wall Street Analysts Forecast Growth

ONON has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating and set a $63.00 price target on shares of ON in a report on Friday, December 27th. Robert W. Baird raised their price objective on shares of ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lowered shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research note on Wednesday, February 12th. Needham & Company LLC reiterated a “buy” rating and set a $64.00 price objective on shares of ON in a research note on Wednesday, January 15th. Finally, BTIG Research upgraded shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.73.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.